Turbochef Technologies (MM) (NASDAQ:OVEN)
Historical Stock Chart
From May 2019 to May 2024
TurboChef Technologies, Inc. (NASDAQ-GM: OVEN) announced that its
stockholders voted at a special meeting today to approve the merger of
TurboChef with The Middleby Corporation (NASDAQ-GSM: MIDD). Shares voted
represented 72% of the total outstanding shares, and of which 99.5%
voted in favor of the merger. The parties expect closing to occur on
January 5, 2009.
About TurboChef
TurboChef Technologies, Inc. is a leading provider of equipment,
technology and services focused on the high-speed preparation of food
products for the worldwide commercial primary cooking equipment market
and offers equipment for residential markets through the application of
its high-speed cooking technologies, as well. TurboChef’s user-friendly
speed cook ovens employ proprietary combinations of heating technologies
to cook a variety of food products at speeds faster than, and to quality
standards that it believes are comparable or superior to, that of
conventional heating methods. The address of TurboChef’s principal
executive offices is Six Concourse Parkway, Suite 1900, Atlanta, GA
30328. Visit TurboChef at www.turbochef.com.
Forward-Looking Statements
This document contains “forward-looking statements” within the meaning
of the Private Securities Litigation Reform Act of 1995. Such statements
include, but are not limited to, statements relating to anticipated
financial and operating results, the companies’ plans, objectives,
expectations and intentions and other statements including words such as
“anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend,” “will,”
“should,” “may,” and other similar expressions. Such statements are
based upon the current beliefs and expectations of the management of
TurboChef and involve a number of significant risks and uncertainties.
Actual results may differ materially from the results anticipated in
these forward-looking statements. The following factors, among others,
could cause or contribute to such material differences: failure to
satisfy any of the conditions of closing; the risks that Middleby’s and
TurboChef’s businesses will not be integrated successfully; the risk
that Middleby and TurboChef will not realize estimated cost savings and
synergies; costs relating to the proposed transaction; disruption from
the transaction making it more difficult to maintain relationships with
customers, employees, distributors or suppliers; the level of end market
activity in Middleby’s and TurboChef’s commercial and residential
market; access to capital, the competitive environment and related
market conditions. Additional factors that could cause Middleby’s and
TurboChef’s results to differ materially from those described in the
forward-looking statements can be found in the 2007 Annual Report on
Form 10-K of Middleby, the 2007 Annual Report on Form 10-K of TurboChef,
and the registration statement, as amended, of Middleby on Form S-4 and
the proxy statement of TurboChef relating to the merger filed with the
Securities and Exchange Commission (the “SEC”) and other documents filed
by Middleby and TurboChef, and available at the SEC’s Internet site (http://www.sec.gov).
Neither Middleby nor TurboChef undertakes any obligation to update any
forward-looking statements to reflect circumstances or events that occur
after the date on which such statements were made.